12 Dow 30 Companies With Above-Average Salaries

Of 23 Dow 30 companies whose payrolls were analyzed by MyLogIQ and curated by the Wall Street Journal, 15 posted median incomes above the $57,617 median U.S. income reported by the U.S. Census Bureau in 2016.

Twelve reported figures that place their employees in the nation’s “upper income” bracket, according to a range defined by Pew Research Center.

• Exxon Mobil Corporation XOM: $161,562
• Chevron Corporation CVX: $137,849
• Goldman Sachs Group Inc GS: $135,165
• Verizon Communications Inc. VZ: $126,623
• Boeing Co BA: $111,204
• Intel Corporation INTC: $102,100
• Travelers Companies Inc TRV: $99,004
• Pfizer Inc. PFE: $89,206
• Merck & Co., Inc. MRK: $82,173
• DowDuPont Inc DWDP: $78,835
• JPMorgan Chase & Co. JPM: $77,799
• United Technologies Corporation UTX: $72,433

Many of the firms with median salaries qualifying as “middle” or “lower income” support hourly employees in customer service or skilled trade positions:

• Johnson & Johnson JNJ: $66,000
• Caterpillar Inc. CAT: $65,770
• UnitedHealth Group Inc UNH: $58,378
• General Electric Company GE: $57,211
• American Express Company AXP: $56,873
• 3M Co MMM: $55,683
• IBM IBM: $54,491
• The Coca-Cola Co KO: $47,312
• Home Depot Inc HD: $21,095
• Walmart Inc WMT: $19,177
• McDonald’s Corporation MCD: $7,017

The breakdown of the Dow 30 fairly represents broader trends, particularly cross-industry comparisons. Retailers and food service companies tend to report lower salaries than do energy, financial or tech companies.

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